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Latest news – Page 10
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NewsKE Hotels lands Holiday Inn London-Luton
A private consortium of investors has sold the 124-room Holiday Inn London-Luton Airport Hotel for an undisclosed sum to KE Hotels, which was funded by Metro Bank.
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NewsThe number of buy-to-let landlords drops by 40,000 this year, according to Hamptons
The number of buy-to-let landlords in Britain has fallen by nearly 40,000 so far this year compared with the same period last year, according to residential agent Hamptons.
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NewsJackson becomes Hopkins Homes’ managing director
Privately-owned housebuilder Hopkins Homes has appointed Duncan Jackson as managing director.
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NewsLee Rowley returns as housing minister
Lee Rowley has been reappointed housing minister following the firing of Rachel Maclean.
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NewsIndustry expresses frustration over sacking of housing minister Rachel Maclean
Housing industry representatives have expressed disappointment and frustration following prime minister Rishi Sunak’s decision to sack housing minister Rachel Maclean earlier today.
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OnlineAroundtown sells Hyde Park Hilton for possible resi conversion
German real estate investor Aroundtown has sold the Hilton London Hyde Park hotel in London to an unnamed Dubai-based family office advised by MGI Holdings, for a price believed to be close to £50m.
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OnlineGovernment puts £1.1bn Covid ‘Megalab’ on sale at less than build cost to taxpayer
The government has put a Covid ’megalab’ in Leamington Spa up for sale at a price believe to be less than the £1.1bn taxpayers paid to build it.
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OnlineIKEA owner buys Brighton shopping centre for around £150m
The business behind retail giant IKEA is understood to have paid fund manager abrdn £145m for Brighton’s main shopping centre, Churchill Square.
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News‘The revolving door’ continues as Rachel Maclean sacked as housing minister
Rachel Maclean has been sacked as housing minister after nine months in the role, as part of prime minister Rishi Sunak’s cabinet reshuffle.
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OnlineLXi extends £60m HSBC loan
LXi REIT has agreed a two-year extension to its £60m loan facility with HSBC from its current maturity of December this year.
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OnlineBritish Land suffers NTA hit but rents show strong growth
Property firm British Land has told investors that it expects annual rental growth to be at the top end of its forecasts but yields on assets remain under pressure due to high interest rates.
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NewsPIC partners with London Square Group for £50m affordable homes investment
Pension Insurance Corporation (PIC), a specialist insurer of defined benefit pension schemes, has launched its first affordable housing investment, of £50m, to back London Square Group and Square Roots’s development of 125 affordable and shared ownership homes in Kingston upon Thames, west London.
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NewsDar Global expands into Saudi Arabia
London-listed luxury international real estate developer Dar Global has announced plans to expand into Saudi Arabia, where it said the tourism sector created “compelling opportunities” to develop hospitality assets.
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NewsBNP Paribas appoints Fullard in Birmingham office team
BNP Paribas Real Estate has appointed Charlotte Fullard as senior associate director in its Birmingham office agency team.
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OnlineDowning LLP invests £27m into residential care businesses
Investment manager Downing has invested £27m in three elderly residential care businesses.
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NewsExperts call for DfT to halt fire sale of HS2 land
Experts have urged the Department for Transport (DfT) to halt plans to sell off land and property acquired for the second leg of HS2 at a loss, as it emerged that the government spent £564m on land for the cancelled route.
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NewsRedrow warns profit to come in at lower end of forcecasts
Redrow blamed a dampened autumn housing market as it said annual profit before tax and revenue was expected to come in at the lower end of its forecast range in a trading update for the first 18 weeks of its 2023-24 financial year.
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NewsPaul Fosh Auctions November sale raises £5.9m
Paul Fosh, owner of Newport-based Paul Fosh Auctions, has claimed the property market is “buoyant” as the business sold 58% of 100 properties on offer in its November sale, generating an income of £5.9m.
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NewsFreehold industrial lots to take centre stage at BidX1’s next sale
A freehold warehouse building on a site with development potential in Hillsborough, South Yorkshire, with a guide price of £900,000-plus, will be the top-priced lot in online auctioneer BidX1’s 23 November sale.
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NewsLondon mayor Sadiq Khan set to decide on Vegas-style MSG Sphere in Stratford
Plans for the MSG Sphere, Madison Square Garden’s controversial, proposed 21,500-capacity entertainment venue in Stratford, east London, have arrived at the mayor of London’s office, with Sadiq Khan set to decide in the next two weeks whether to approve the scheme.
